Stocks

[davidrotts63]

Buy buy buy coming soon.

[ludmila]

Buy buy buy coming soon.

NO, NO , NO.

[davidrotts63]

NO, NO , NO.

[ludmila]

I received this urgent email from my mentor a week ago, but I did not have the guts to short the market, our systems developed by him were all flashing sell, he shorted many stocks and the ES1, NDQ and Dow futures in size.   
This is what he said

With major indices challenging their highs, underneath another story is unfolding, the small caps are showing weakness, NYSE new 52-week lows have climbed and have been doing so for a month.  The NYSE advance-decline line is diverging from the indices, this is rare in the current market. The years 2000 and 2008 saw this kind of divergence.

  Oil price IS a factor. Today oil broke out above $75.  Higher oil prices may be having a toll on the economy.

I shorted the following stocks plus the indices: ANET, EA, EXPE, FB,GOOG,AMD GDS,AAPL, AMZN, and NFLX. Something big is going to happen soon.

[davidrotts63]

I received this urgent email from my mentor a week ago, but I did not have the guts to short the market, our systems developed by him were all flashing sell, he shorted many stocks and the ES1, NDQ and Dow futures in size.   
This is what he said

With major indices challenging their highs, underneath another story is unfolding, the small caps are showing weakness, NYSE new 52-week lows have climbed and have been doing so for a month.  The NYSE advance-decline line is diverging from the indices, this is rare in the current market. The years 2000 and 2008 saw this kind of divergence.

  Oil price IS a factor. Today oil broke out above $75.  Higher oil prices may be having a toll on the economy.

I shorted the following stocks plus the indices: ANET, EA, EXPE, FB,GOOG,AMD GDS,AAPL, AMZN and NFLX. Something big is going to happen soon.

Big as in bullish again?
I was saying wait for the real dumps and buy on clearance.

[ludmila]

Big as in bullish again?
I was saying wait for the real dumps and buy on clearance.

Can't rule anything out, all is possible, but with all the major averages down over 3% today, it does not look good, when they all drop by that much and if followed by another size drop in the next few days , then it is a sign of a bear market.. Let us not forget the average age of a bull market in history, this one has been going on and strong for almost 9 years.

[davidrotts63]

Can't rule anything out, all is possible, but with all the major averages down over 3% today, it does not look good, when they all drop by that much and if followed by another size drop in the next few days , then it is a sign of a bear market.. Let us not forget the average age of a bull market in history, this one has been going on and strong for almost 9 years.

a crash= many stocks on clearance.
CMIIW but if a stock price depreciates with the bearish market, but nothing changes (and it was valuable/undervalued/a buy before) you load up on clearance.
Obviously dont get in too early.

[ExGingi]

Can't rule anything out, all is possible, but with all the major averages down over 3% today, it does not look good, when they all drop by that much and if followed by another size drop in the next few days , then it is a sign of a bear market.. Let us not forget the average age of a bull market in history, this one has been going on and strong for almost 9 years.

And what do your indicators say about PM and Treasuries?

[ludmila]

And what do your indicators say about PM and Treasuries?

PMs still neutral, I am keeping stop losses and will only add more with a breakout above resistance on volume. Treasuries still in a downtrend, do not have a buy on them yet.

I am doing well on my NOK vs other currencies, still holding to half my original position, with a stop at break even after I took profits on half.

[Yammer]

Brutal

+

[TBD]

I received this urgent email from my mentor a week ago, but I did not have the guts to short the market, our systems developed by him were all flashing sell, he shorted many stocks and the ES1, NDQ and Dow futures in size.   
This is what he said

With major indices challenging their highs, underneath another story is unfolding, the small caps are showing weakness, NYSE new 52-week lows have climbed and have been doing so for a month.  The NYSE advance-decline line is diverging from the indices, this is rare in the current market. The years 2000 and 2008 saw this kind of divergence.

  Oil price IS a factor. Today oil broke out above $75.  Higher oil prices may be having a toll on the economy.

I shorted the following stocks plus the indices: ANET, EA, EXPE, FB,GOOG,AMD GDS,AAPL, AMZN, and NFLX. Something big is going to happen soon.

CAn anyone explain where 2000 and 2008 come into the picture? 2000 We had a bunch of helium air companies flying sky high with average P/E's being around 50 in 2008 was a busting housing market and complex derivatives and SIV's that fueled the housing collapse, But whats now? a booming economy with great tax law passed,,  Market is a little to high? maybe yes maybe no, but where does 2000/2008 come into the equation? Is it Kavanaugh's fault also?

[davidrotts63]

Uh look at the PE ratios in tech for one, most of them won't be able to follow through with that growth.
More than that I dont know

[TBD]

Uh look at the PE ratios in tech for one, most of them won't be able to follow through with that growth.
More than that I dont know

Look at Tech P/E in 2000 and now its not even pale against it...

[TBD]

Uh look at the PE ratios in tech for one, most of them won't be able to follow through with that growth.
More than that I dont know

I'm not arguing if the market is or isn't overvalued, just wand to know ANY comparison between now and 2000/2008?

[ExGingi]

Look at Tech P/E in 2000 and now its not even pale against it...

That was an outlier. But historically speaking you don't have to go that high to be overvalued. Read John Hussman for perspective. I haven't read his Weekly Market Commentary for a while, but he constantly writes about it.

[davidrotts63]

Look at Tech P/E in 2000 and now its not even pale against it...

Dude, the market is full of negative PEs....erhem TSLA...
I dont know if the bubble is the thing, but many sectors are bubbles, erhem weed

[TBD]

Dude, the market is full of negative PEs....erhem TSLA...
I dont know if the bubble is the thing, but many sectors are bubbles, erhem weed

Really??? Like in 2000?

[TBD]

Dude, the market is full of negative PEs....erhem TSLA...
I dont know if the bubble is the thing, but many sectors are bubbles, erhem weed

ant BTW most of the negatives are due to the great effect of tax cut law which had a lot of companies post one time losses for 2017, but again ANY resemblance to 2000???  P L E A S E Wake up! we are in a great economy now

[davidrotts63]

Really??? Like in 2000?

I'm not saying equal....

ant BTW most of the negatives are due to the great effect of tax cut law which had a lot of companies post one time losses for 2017, but again ANY resemblance to 2000???  P L E A S E Wake up! we are in a great economy now

You're in denial dude.
Open your eyes, look at today's numbers.

[TBD]

I'm not saying equal....You're in denial dude.
Open your eyes, look at today's numbers.

BTW did you vote for clinton in 2016? Dont have any other explanation for this comment (black glasses)